Diamond Jewelry in Macon Georgia - Fordham Jewelers
Gold prices have exploded and gold buyers are showing up everywhere claiming they pay the highest prices. Here are some things you should know to help you sort out your options.
Your best option, and for the highest price, is to sell to a private individual. This is the same target audience as a jeweler. This means you would be competing with all the other jewelers (retailers) out there, but without the same advantages.
For questions or more information, stop by Fordham Jewelers today. We’ll be happy to take a look at what you have, provide you with a valuation and bid on what you are willing to sell.
A jeweler has a wide range of inventory, guarantees, warranties, trade back options, service after the sales, location, advertising, etc. Your only advantage is price. In a way, you’re having a 'going out of business' sale.
Years of experience tell us that the number to focus on is about 50%. In order to achieve that, you should start by asking for 70-80%. After bargaining, you’ll do well if you get half of what the piece is worth.
That’s retail. Once you’ve tried that, you can move onto the wholesale market. You’d be competing with other wholesalers and are at the same disadvantage as you are the retailers (other jewelers). Once again, your only advantage is price. Typically fair offers range from 10 cents to 30 cents on the dollar. The exception to this is a single larger diamond of more than one carat.
One alternative would be to redesign your jewelry into a new piece using whatever is left over to help pay for the design work.
Keeping these thoughts in mind, when you want to sell your old jewelry, it will alleviate some of your frustration to receive a good offer from a jeweler who has actually offered a fair price for your old jewelry.
